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LOANS, ALLOWANCE FOR CREDIT LOSSES, AND CREDIT QUALITY (Tables) | 9 Months Ended
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Sep. 30, 2023
LOANS, ALLOWANCE FOR CREDIT LOSSES, AND CREDIT QUALITY |
Schedule of total loans by portfolio segment and class of loan | The following table presents total loans by portfolio segment and class of loan as of September 30, 2023 and December 31, 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2023 |  | 2022
Commercial/industrial | ​ | $ | 531,906 | ​ | $ | 492,563
Commercial real estate - owner occupied | ​ |  | 898,141 | ​ |  | 717,401
Commercial real estate - non-owner occupied | ​ |  | 785,400 | ​ |  | 681,783
Construction and development | ​ |  | 197,927 | ​ |  | 200,022
Residential 1‑4 family | ​ |  | 878,860 | ​ |  | 739,339
Consumer | ​ |  | 50,527 | ​ |  | 44,796
Other | ​ |  | 14,821 | ​ |  | 18,905
Subtotals | ​ |  | 3,357,582 | ​ |  | 2,894,809
ACL - Loans | ​ |  | (43,404) | ​ |  | (22,680)
Loans, net of ACL - Loans | ​ |  | 3,314,178 | ​ |  | 2,872,129
Deferred loan fees, net | ​ |  | (2,033) | ​ |  | (831)
Loans, net | ​ | $ | 3,312,145 | ​ | $ | 2,871,298
Summary of the activity in the ACL by loan type | A summary of the activity in the ACL - Loans by loan type for the nine-months ended September 30, 2023 is summarized as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | Commercial |  | Commercial |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | ​ | ​ | ​ | Real Estate - | ​ | Real Estate  - | ​ | Construction | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial / | ​ | Owner | ​ | Non - Owner | ​ | and | ​ | Residential | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Industrial | ​ | Occupied | ​ | Occupied | ​ | Development | ​ | 1-4 Family | ​ | Consumer | ​ | Other | ​ | Total
ACL - Loans - January 1, 2023 | ​ | $ | 4,071 | ​ | $ | 5,204 | ​ | $ | 5,405 | ​ | $ | 1,592 | ​ | $ | 5,944 | ​ | $ | 314 | ​ | $ | 150 | ​ | $ | 22,680
Adoption of CECL | ​ | ​ | 1,859 | ​ | ​ | 1,982 | ​ | ​ | 1,914 | ​ | ​ | 2,063 | ​ | ​ | 2,567 | ​ | ​ | 620 | ​ | ​ | (33) | ​ | ​ | 10,972
ACL - Loans on PCD loans acquired | ​ | ​ | 1,082 | ​ | ​ | 4,424 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 28 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5,534
Charge-offs | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ |  | — | ​ |  | — | ​ |  | (1) | ​ |  | (69) | ​ |  | (70)
Recoveries | ​ |  | 5 | ​ | ​ | 70 | ​ | ​ | — | ​ |  | — | ​ |  | 104 | ​ |  | 4 | ​ |  | 13 | ​ |  | 196
Provision | ​ |  | 538 | ​ | ​ | (220) | ​ | ​ | 1,245 | ​ |  | (87) | ​ |  | 2,509 | ​ |  | 70 | ​ |  | 37 | ​ |  | 4,092
ACL - Loans - September 30, 2023 | ​ | $ | 7,555 | ​ | $ | 11,460 | ​ | $ | 8,564 | ​ | $ | 3,568 | ​ | $ | 11,152 | ​ | $ | 1,007 | ​ | $ | 98 | ​ | $ | 43,404
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ A summary of the activity in the allowance for loan losses (“ALL”) by loan type for the nine-months ended September 30, 2022 is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | Commercial |  | Commercial |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | ​ | ​ | ​ | Real Estate - | ​ | Real Estate - | ​ | Construction | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial / | ​ | Owner | ​ | Non - Owner | ​ | and | ​ | Residential | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Industrial | ​ | Occupied | ​ | Occupied | ​ | Development | ​ | 1-4 Family | ​ | Consumer | ​ | Other | ​ | Total
ALL - January 1, 2022 | ​ | $ | 3,699 | ​ | $ | 5,633 | ​ | $ | 5,151 | ​ | $ | 984 | ​ | $ | 4,445 | ​ | $ | 224 | ​ | $ | 179 | ​ | $ | 20,315
Charge-offs | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ |  | — | ​ |  | (39) | ​ |  | (17) | ​ |  | (27) | ​ |  | (83)
Recoveries | ​ |  | 455 | ​ | ​ | 74 | ​ | ​ | 360 | ​ |  | 152 | ​ |  | 6 | ​ |  | 2 | ​ |  | 64 | ​ |  | 1,113
Provision | ​ |  | 134 | ​ | ​ | (643) | ​ | ​ | 365 | ​ |  | 507 | ​ |  | 1,312 | ​ |  | 90 | ​ |  | (65) | ​ |  | 1,700
ALL September 30, 2022 | ​ |  | 4,288 | ​ | ​ | 5,064 | ​ | ​ | 5,876 | ​ |  | 1,643 | ​ |  | 5,724 | ​ |  | 299 | ​ |  | 151 | ​ |  | 23,045
ALL ending balance individually evaluated for impairment | ​ |  | 150 | ​ | ​ | — | ​ | ​ | 775 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 925
ALL ending balance collectively evaluated for impairment | ​ | $ | 4,138 | ​ | $ | 5,064 | ​ | $ | 5,101 | ​ | $ | 1,643 | ​ | $ | 5,724 | ​ | $ | 299 | ​ | $ | 151 | ​ | $ | 22,120
Loans outstanding - September 30, 2022 | ​ | $ | 486,839 | ​ | $ | 723,964 | ​ | $ | 668,505 | ​ | $ | 209,619 | ​ | $ | 706,794 | ​ | $ | 43,953 | ​ | $ | 19,178 | ​ | $ | 2,858,852
Loans ending balance individually evaluated for impairment | ​ |  | 487 | ​ | ​ | 2,541 | ​ | ​ | 1,396 | ​ |  | — | ​ |  | 211 | ​ |  | — | ​ |  | — | ​ |  | 4,635
Loans ending balance collectively evaluated for impairment | ​ | $ | 486,352 | ​ | $ | 721,423 | ​ | $ | 667,109 | ​ | $ | 209,619 | ​ | $ | 706,583 | ​ | $ | 43,953 | ​ | $ | 19,178 | ​ | $ | 2,854,217
​
Schedule of components of the provision for credit losses | The provision for credit losses is determined by the Company as the amount to be added to the ACL loss accounts for various types of financial instruments including loans, investment securities, and off-balance sheet credit exposures after net charge-offs have been deducted to bring the ACL to a level that, in management’s judgment, is necessary to absorb expected credit losses over the lives of the respective financial instruments. The following table presents the components of the provision for credit losses. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine Months Ended | ​ | Year Ended
​ | ​ | September 30, 2023 | ​ | September 30, 2022 | ​ | December 31, 2022
Provision for credit losses on: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans | ​ | $ | 4,092 | ​ | $ | 1,700 | ​ | $ | 2,200
Unfunded Commitments | ​ | ​ | 90 | ​ | ​ | — | ​ | ​ | —
Total provision for credit losses | ​ | $ | 4,182 | ​ | $ | 1,700 | ​ | $ | 2,200
Summary of past due loans | The Company’s past due and non-accrual loans as of September 30, 2023 is summarized as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | 90 Days |  | ​ | ​ | ​ | ​ | ​ |  | Non-Accrual
​ | ​ | 30-89 Days | ​ | or more | ​ | ​ | ​ | ​ | ​ | ​ | ​ | with no
​ | ​ | Past Due | ​ | Past Due | ​ | Non- | ​ | ​ | ​ | ​ | specifically
​ | ​ | Accruing | ​ | and Accruing | ​ | Accrual | ​ | Total | ​ | allocated ACL
Commercial/industrial | ​ | $ | 78 | ​ | $ | 18 | ​ | $ | 531 | ​ | $ | 627 | ​ | $ | 47
Commercial real estate - owner occupied | ​ |  | 180 | ​ |  | 250 | ​ |  | 1,958 | ​ |  | 2,388 | ​ |  | 1,958
Commercial real estate - non-owner occupied | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Construction and development | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Residential 1‑4 family | ​ |  | 843 | ​ |  | 151 | ​ |  | 444 | ​ |  | 1,438 | ​ |  | 445
Consumer | ​ |  | 76 | ​ |  | 27 | ​ |  | 13 | ​ |  | 116 | ​ |  | 13
Other | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
​ | ​ | $ | 1,177 | ​ | $ | 446 | ​ | $ | 2,946 | ​ | $ | 4,569 | ​ | $ | 2,463
​ The Company’s past due and non-accrual loans as of December 31, 2022 is summarized as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | 90 Days |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​
​ | ​ | 30-89 Days | ​ | or more | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Past Due | ​ | Past Due | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Accruing | ​ | and Accruing | ​ | Non-Accrual | ​ | Total | ​ | ​
Commercial/industrial | ​ | $ | 192 | ​ | $ | — | ​ | $ | 418 | ​ | $ | 610 | ​ | ​ | ​
Commercial real estate - owner occupied | ​ |  | 1,301 | ​ |  | — | ​ |  | 2,688 | ​ |  | 3,989 | ​ | ​ | ​
Commercial real estate - non-owner occupied | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ | ​ | ​
Construction and development | ​ |  | 237 | ​ |  | — | ​ |  | 17 | ​ |  | 254 | ​ | ​ | ​
Residential 1‑4 family | ​ |  | 774 | ​ |  | 268 | ​ |  | 505 | ​ |  | 1,547 | ​ | ​ | ​
Consumer | ​ |  | 19 | ​ |  | 5 | ​ |  | — | ​ |  | 24 | ​ | ​ | ​
Other | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ | ​ | ​
​ | ​ | $ | 2,523 | ​ | $ | 273 | ​ | $ | 3,628 | ​ | $ | 6,424 | ​ | ​ | ​
​
Schedule of collateral dependent loans by portfolio segment and collateral type | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Collateral Type | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As of September 30, 2023 | ​ | ​ | ​ | ​ | Other | ​ | ​ | ​ | ​ | Without an | ​ | With an | ​ | Allowance
​ | ​ | Real Estate | ​ | Business Assets | ​ | Total | ​ | Allowance | ​ | Allowance | ​ | Allocation
Commercial/industrial | ​ | $ | — | ​ | $ | 5,719 | ​ | $ | 5,719 | ​ | $ | 47 | ​ | $ | 5,672 | ​ | $ | 1,919
Commercial real estate - owner occupied | ​ |  | 9,699 | ​ |  | — | ​ |  | 9,699 | ​ |  | 1,590 | ​ |  | 8,109 | ​ |  | 2,854
Commercial real estate - non-owner occupied | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Construction and development | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Residential 1‑4 family | ​ |  | 35 | ​ |  | — | ​ |  | 35 | ​ |  | 35 | ​ |  | — | ​ |  | —
Consumer | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Other | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Total Loans | ​ | $ | 9,734 | ​ | $ | 5,719 | ​ | $ | 15,453 | ​ | $ | 1,672 | ​ | $ | 13,781 | ​ | $ | 4,773
​
Summary of impaired loans individually evaluated | Prior to the adoption of ASU 2016-13, the allowance included specific reserves for certain individually evaluated impaired loans. Specific reserves reflected estimated losses on impaired loans from management’s analysis developed through specific credit allocations. The following table shows a summary of impaired loans individually evaluated as of December 31, 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | Commercial |  | Commercial |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | ​ | ​ | ​ | Real Estate - | ​ | Real Estate - | ​ | Construction | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial/ | ​ | Owner | ​ | Non - Owner | ​ | and | ​ | Residential | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Industrial | ​ | Occupied | ​ | Occupied | ​ | Development | ​ | 1‑4 Family | ​ | Consumer | ​ | Other | ​ | Total
With an allowance recorded: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ |
Recorded investment | ​ | $ | — | ​ | $ | — | ​ | $ | 18 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 18
Unpaid principal balance | ​ |  | — | ​ |  | — | ​ |  | 18 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 18
Related allowance | ​ |  | — | ​ |  | — | ​ |  | 8 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 8
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
With no related allowance recorded: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ |  | ​
Recorded investment | ​ | $ | 284 | ​ | $ | 2,487 | ​ | $ | 497 | ​ | $ | — | ​ | $ | 200 | ​ | $ | — | ​ | $ | — | ​ | $ | 3,468
Unpaid principal balance | ​ |  | 284 | ​ |  | 2,487 | ​ |  | 497 | ​ |  | — | ​ |  | 200 | ​ |  | — | ​ |  | — | ​ |  | 3,468
Related allowance | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ |  | ​
Recorded investment | ​ | $ | 284 | ​ | $ | 2,487 | ​ | $ | 515 | ​ | $ | — | ​ | $ | 200 | ​ | $ | — | ​ | $ | — | ​ | $ | 3,486
Unpaid principal balance | ​ |  | 284 | ​ |  | 2,487 | ​ |  | 515 | ​ |  | — | ​ |  | 200 | ​ |  | — | ​ |  | — | ​ |  | 3,486
Related allowance | ​ |  | — | ​ |  | — | ​ |  | 8 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 8
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Average recorded investment | ​ | $ | 361 | ​ | $ | 3,726 | ​ | $ | 1,017 | ​ | $ | — | ​ | $ | 237 | ​ | $ | — | ​ | $ | — | ​ | $ | 5,341
​
Schedule of loans by risk ratings and year of origination | The following table presents total loans by risk ratings and year of origination. Loans acquired from other previously acquired institutions have been included in the table based upon the actual origination date. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Amortized Cost Basis by Origination Year | ​ | ​ | ​ | ​ | ​ | ​
As of September 30, 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Revolving | ​ | ​
​ | ​ | 2023 | ​ | 2022 | ​ | 2021 | ​ | 2020 | ​ | 2019 | ​ | Prior | ​ | Revolving | ​ | to Term | ​ | Total
Commercial/industrial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Grades 1-4 | $ | 61,115 | $ | 139,591 | $ | 67,111 | $ | 60,218 | $ | 11,767 | $ | 23,074 | $ | 101,456 | $ | - | $ | 464,332
Grade 5 | ​ | 5,069 | ​ | 4,649 | ​ | 13,299 | ​ | 4,484 | ​ | 2,652 | ​ | 3,441 | ​ | 21,456 | ​ | - | ​ | 55,050
Grade 6 | ​ | - | ​ | 203 | ​ | 725 | ​ | - | ​ | - | ​ | - | ​ | 921 | ​ | - | ​ | 1,849
Grade 7 | ​ | 39 | ​ | 163 | ​ | 5,887 | ​ | 804 | ​ | 51 | ​ | 1,133 | ​ | 2,598 | ​ | - | ​ | 10,675
Grade 8 | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | -
Total | $ | 66,223 | $ | 144,606 | $ | 87,022 | $ | 65,506 | $ | 14,470 | $ | 27,648 | $ | 126,431 | $ | - | $ | 531,906
Current-period gross charge-offs | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | -
Commercial real estate - owner occupied | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Grades 1-4 | $ | 45,784 | $ | 105,640 | $ | 177,796 | $ | 125,287 | $ | 55,462 | $ | 204,060 | $ | 52,566 | $ | - | $ | 766,595
Grade 5 | ​ | 4,881 | ​ | 18,569 | ​ | 13,968 | ​ | 8,694 | ​ | 7,043 | ​ | 23,604 | ​ | 7,619 | ​ | - | ​ | 84,378
Grade 6 | ​ | - | ​ | 137 | ​ | 1,098 | ​ | 117 | ​ | 965 | ​ | 427 | ​ | 489 | ​ | - | ​ | 3,233
Grade 7 | ​ | 1,589 | ​ | 8,142 | ​ | 3,906 | ​ | 4,127 | ​ | 10,524 | ​ | 13,370 | ​ | 2,277 | ​ | - | ​ | 43,935
Grade 8 | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | -
Total | $ | 52,254 | $ | 132,488 | $ | 196,768 | $ | 138,225 | $ | 73,994 | $ | 241,461 | $ | 62,951 | $ | - | $ | 898,141
Current-period gross charge-offs | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | -
Commercial real estate - non-owner occupied | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Grades 1-4 | $ | 48,018 | $ | 102,690 | $ | 233,310 | $ | 127,811 | $ | 73,184 | $ | 153,717 | $ | 11,382 | $ | - | $ | 750,112
Grade 5 | ​ | 1,042 | ​ | 3,878 | ​ | 13,610 | ​ | 3,720 | ​ | 107 | ​ | 6,125 | ​ | - | ​ | - | ​ | 28,482
Grade 6 | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | -
Grade 7 | ​ | - | ​ | - | ​ | 65 | ​ | 369 | ​ | 5,818 | ​ | 554 | ​ | - | ​ | - | ​ | 6,806
Grade 8 | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | -
Total | $ | 49,060 | $ | 106,568 | $ | 246,985 | $ | 131,900 | $ | 79,109 | $ | 160,396 | $ | 11,382 | $ | - | $ | 785,400
Current-period gross charge-offs | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | -
Construction and development | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Grades 1-4 | $ | 37,716 | $ | 71,328 | $ | 43,618 | $ | 5,250 | $ | 1,872 | $ | 4,203 | $ | 1,207 | $ | - | $ | 165,194
Grade 5 | ​ | 10,313 | ​ | 16,548 | ​ | 3,434 | ​ | 772 | ​ | 26 | ​ | 194 | ​ | 464 | ​ | - | ​ | 31,751
Grade 6 | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | -
Grade 7 | ​ | 10 | ​ | - | ​ | - | ​ | 175 | ​ | - | ​ | 797 | ​ | - | ​ | - | ​ | 982
Grade 8 | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | -
Total | $ | 48,039 | $ | 87,876 | $ | 47,052 | $ | 6,197 | $ | 1,898 | $ | 5,194 | $ | 1,671 | $ | - | $ | 197,927
Current-period gross charge-offs | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | -
Residential 1‑4 family | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Grades 1-4 | $ | 88,804 | $ | 205,155 | $ | 204,165 | $ | 163,959 | $ | 44,299 | $ | 82,398 | $ | 77,274 | $ | - | $ | 866,054
Grade 5 | ​ | 1,535 | ​ | 2,918 | ​ | 767 | ​ | 78 | ​ | 378 | ​ | 2,060 | ​ | 332 | ​ | - | ​ | 8,068
Grade 6 | ​ | 160 | ​ | - | ​ | 83 | ​ | - | ​ | - | ​ | 181 | ​ | 63 | ​ | - | ​ | 487
Grade 7 | ​ | 32 | ​ | 394 | ​ | 35 | ​ | 1,035 | ​ | 102 | ​ | 2,481 | ​ | 172 | ​ | - | ​ | 4,251
Grade 8 | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | -
Total | $ | 90,531 | $ | 208,467 | $ | 205,050 | $ | 165,072 | $ | 44,779 | $ | 87,120 | $ | 77,841 | $ | - | $ | 878,860
Current-period gross charge-offs | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | -
Consumer | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Grades 1-4 | $ | 20,383 | $ | 13,897 | $ | 7,264 | $ | 5,157 | $ | 1,434 | $ | 1,360 | $ | 1,017 | $ | - | $ | 50,512
Grade 5 | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | -
Grade 6 | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | -
Grade 7 | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | 15 | ​ | - | ​ | - | ​ | 15
Grade 8 | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | -
Total | $ | 20,383 | $ | 13,897 | $ | 7,264 | $ | 5,157 | $ | 1,434 | $ | 1,375 | $ | 1,017 | $ | - | $ | 50,527
Current-period gross charge-offs | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 1 | $ | - | $ | 1
Other | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Grades 1-4 | $ | 347 | $ | 800 | $ | 581 | $ | 1,199 | $ | 40 | $ | 9,873 | $ | 1,891 | $ | - | $ | 14,731
Grade 5 | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | 90 | ​ | - | ​ | 90
Grade 6 | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | -
Grade 7 | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | -
Grade 8 | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | - | ​ | -
Total | $ | 347 | $ | 800 | $ | 581 | $ | 1,199 | $ | 40 | $ | 9,873 | $ | 1,981 | $ | - | $ | 14,821
Current-period gross charge-offs | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 69 | $ | - | $ | 69
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Loans | $ | 326,837 | $ | 694,702 | $ | 790,722 | $ | 513,256 | $ | 215,724 | $ | 533,067 | $ | 283,274 | $ | - | $ | 3,357,582
​ ​ The breakdown of loans by risk rating as of December 31, 2022 is as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Pass (1-5) |  | 6 |  | 7 |  | 8 |  | Total
Commercial/industrial | ​ | $ | 474,586 | ​ | $ | 3,708 | ​ | $ | 14,156 | ​ | $ | — | ​ | $ | 492,450
Commercial real estate - owner occupied | ​ |  | 665,986 | ​ |  | 8,031 | ​ |  | 42,946 | ​ |  | — | ​ |  | 716,963
Commercial real estate - non-owner occupied | ​ |  | 677,303 | ​ |  | — | ​ |  | 4,317 | ​ |  | — | ​ |  | 681,620
Construction and development | ​ |  | 198,581 | ​ |  | — | ​ |  | 1,127 | ​ |  | — | ​ |  | 199,708
Residential 1‑4 family | ​ |  | 736,146 | ​ |  | 151 | ​ |  | 3,217 | ​ |  | — | ​ |  | 739,514
Consumer | ​ |  | 44,961 | ​ |  | — | ​ |  | 2 | ​ |  | — | ​ |  | 44,963
Other | ​ |  | 18,760 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 18,760
​ | ​ | $ | 2,816,323 | ​ | $ | 11,890 | ​ | $ | 65,765 | ​ | $ | — | ​ | $ | 2,893,978
Schedule of loans acquired with deteriorated credit quality | ​ The following tables present loans acquired with deteriorated credit quality and the change in the accretable and non-accretable components of the related discounts prior to the adoption of ASU 2016-13. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2022
​ | ​ | ​ | ​ | ​ | Unpaid
​ | ​ | Recorded | ​ | Principal
​ |  | Investment |  | Balance
Commercial & Industrial | ​ | $ | 712 | ​ | $ | 1,091
Commercial real estate - owner occupied | ​ |  | 2,539 | ​ |  | 2,843
Commercial real estate - non-owner occupied | ​ |  | — | ​ |  | —
Construction and development | ​ |  | — | ​ |  | —
Residential 1‑4 family | ​ |  | 824 | ​ |  | 1,045
Consumer | ​ |  | — | ​ |  | —
Other | ​ |  | — | ​ |  | —
​ | ​ | $ | 4,075 | ​ | $ | 4,979
​
Schedule of change in the accretable and non-accretable components of discounts on loans acquired with deteriorated credit quality | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2022 | ​ | December 31, 2022
​ | ​ | Accretable | ​ | Non-accretable | ​ | Accretable | ​ | Non-accretable
​ |  | discount |  | discount |  | discount |  | discount
Balance at beginning of period | ​ | $ | 813 | ​ | $ | 149 | ​ | $ | 813 | ​ | $ | 149
Acquired balance, net | ​ |  | 292 | ​ |  | 211 | ​ |  | 292 | ​ |  | 211
Reclassifications between accretable and non-accretable | ​ |  | 61 | ​ |  | (61) | ​ |  | 135 | ​ |  | (135)
Accretion to loan interest income | ​ |  | (476) | ​ |  | — | ​ |  | (561) | ​ |  | —
Balance at end of period | ​ | $ | 690 | ​ | $ | 299 | ​ | $ | 679 | ​ | $ | 225
​

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